NV > Reno
Reno, NV 89501,629 Sinclair ST
Reno, NV 89501,629 Sinclair ST
Reno, NV 89501,629 Sinclair ST
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Kristi Ghent

Kristi Ghent

+1(916) 759-1084
$995,000
Est. payment /mo
2,700 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,700 sqft

Price per Sqft $368

MLS Listing ID 1018369

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1918

Annual Tax Amount $1,706

Lot Size 7,013 Sqft

Acres 0.161

Property Sub-Type Multi Family

Property Description

629 Sinclair is an opportunity for an investor to pick up 5 Midtown Reno multifamily units that offers charm and lifestyle for tenants. Along with that lifestyle is the possibility to lease these units near the highest rates in Reno. 3 of the 5 units have been renovated in recent years., With an adjustment in rental rates the property could have an address income (net monthly income) of $1,429/mo with an Annual Return (cap) of 6.69%. This assumes the market 7% for full property management. Please request a complete financial analysis of this investment. If the property was renovated the investor could possibly receive a 13% upside from the current cash flow.

Location

State NV

County Washoe

Area Other Washoe Areas

Interior

Heating Natural Gas, Baseboard, Electric, Gas, Other

Cooling Central Air, Wall/Window Unit(s), 1 Unit

Flooring Hardwood, Partially Carpeted, Tile, Vinyl

Fireplace No

Exterior

Exterior Feature Fence, Landscaping

View Y/N Yes

View Mountain(s), Trees/Woods

Roof Type Composition,Pitched,Shingle,Wood

Building

Lot Description Level

Construction Status Updated/Remodeled

Others

Tax ID 011-233-07

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

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Listed by Address Income
Kristi Ghent

"We are always here to help, we take great pride in providing expert guidance and advice!"

+1(916) 759-1084

kristi@ghentteam.com

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629 Sinclair ST